Equinix (EQIX) Free Cash Flow (2009 - 2026)

Equinix (EQIX) recorded quarterly Free Cash Flow of $594.0 million in Q1 2026, up 9.8% quarter-over-quarter from $541.0 million in Q4 2025, and down 25.0% on a YoY basis from $792.0 million in Q1 2025.

Equinix (EQIX) Free Cash Flow (2009 - 2026) Analysis & Trends

Equinix's Free Cash Flow history runs 18 years deep, the most recent figure standing at $594.0 million for Q1 2026.

  • In Q1 2026, Free Cash Flow fell 25.0% year-over-year to $594.0 million; the TTM figure through Mar 2026 stood at $2.7 billion (down 28.69% YoY), while the FY2025 annual figure was $2.9 billion, changed 0.17% from the prior year.
  • Free Cash Flow was $594.0 million for Q1 2026 at Equinix, up from $541.0 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $2.4 billion in Q3 2025 to a low of -$1.6 billion in Q4 2023.
  • Historically, Free Cash Flow has averaged $563.2 million across 5 years, with a median of $596.0 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: Free Cash Flow surged 929.07% in 2022, then sank 395.16% in 2023.
  • A 5-year view of Free Cash Flow shows it stood at $551.9 million in 2022, then tumbled by 395.16% to -$1.6 billion in 2023, then jumped by 157.15% to $931.0 million in 2024, then tumbled by 41.89% to $541.0 million in 2025, then increased by 9.8% to $594.0 million in 2026.
  • The last three Free Cash Flow figures came in at $594.0 million (Q1 2026), $541.0 million (Q4 2025), and $2.4 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Equinix 104.53 Bn 101.50 Bn 2.20 Bn 594.00 Mn
2 American Tower 86.20 Bn 92.70 Bn 2.70 Bn 951.10 Mn
3 Digital Realty Trust 63.76 Bn 62.92 Bn - -337.62 Mn
4 Crown Castle 38.57 Bn 38.52 Bn 984.00 Mn 452.00 Mn
5 Iron Mountain 37.41 Bn 37.43 Bn 1.05 Bn 36.65 Mn
6 Sba Communications 20.70 Bn 20.79 Bn 532.10 Mn 206.69 Mn
7 Weyerhaeuser 17.74 Bn 17.44 Bn 318.00 Mn 29.00 Mn
8 Lamar Advertising 15.68 Bn 15.63 Bn 403.56 Mn 208.30 Mn
9 Gaming & Leisure Properties 13.22 Bn 13.62 Bn - 158.75 Mn
10 OUTFRONT Media 5.51 Bn 5.47 Bn 202.10 Mn 72.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 594.00 Mn
Mar 31, 2026 594.00 Mn
Dec 31, 2025 541.00 Mn
Dec 31, 2025 541.00 Mn
Sep 30, 2025 2.36 Bn
Sep 30, 2025 2.36 Bn
Jun 30, 2025 -778.00 Mn
Jun 30, 2025 -778.00 Mn
Mar 31, 2025 792.00 Mn
Mar 31, 2025 792.00 Mn
Dec 31, 2024 931.00 Mn
Dec 31, 2024 931.00 Mn
Sep 30, 2024 596.00 Mn
Sep 30, 2024 596.00 Mn
Jun 30, 2024 1.49 Bn
Jun 30, 2024 1.49 Bn
Mar 31, 2024 -109.00 Mn
Mar 31, 2024 -109.00 Mn
Dec 31, 2023 -1.63 Bn
Dec 31, 2023 -1.63 Bn